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". >>> president obama says his re-election proves that americans want action on the economy, not just politics as usual: just days after his victory, he's laying out a framework for compromise with the republicans to avoid $600 billion in automatic spending cuts and tax hikes in the next year. he says he's open to new ideas, but he warns the federal government can't cut its way to prosperity. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthest americans to pay a little more in taxes. that's how we did it -- that's how we did it in the 1990s when bill clinton was president. that's how we can reduce the deficit while still making the investments we need to build a strong middle class and a strong economy. that's the only way we can still afford to train our workers or help our kids pay for college, or make sure that good jobs and clean energy or high-tech manufacturing don't end up in countries like china. now, already i've put forward a detailed plan that allows us to make these investments while reducing our deficit
, positioning themselves to blame the other if things fall apart. sam say it would drive the economy back into a recession. the halls of the capitol, eerily quiet as congress commemorates veterans day. but this stillness will soon be replaced by frenzy to avoid the fiscal cliff. public posturing, however, is well under way. we can't accept an unfair deal that piles all of this on the middle class and tells them they have to support it. >> you do have to have revenues on the table. but that does not mean raising taxes. >> reporter: but there are new cracks in that gop pledge, conservative commentator bill crystal. >> it won't kill the country if we raise taxes a little bit on millionaires. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >> reporter: he doesn't get a vote. gop senator bob corker does. >> we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that's not willing to contribute more, as long as they know we've solved the problems. >> reporter: still, even if republicans agree t
. >> clearly the deficit is a drag on our economy. and we can't continue to spend money that we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. this is his opportunity to lead. >> any word from the speaker, every word from the president being analyzed for hidden meanings. here's a quick snapshot. >> when he is not willing to negotiate on is raising taxes on the wealthiest americans. and that is where the battle lines will be drawn. >> the president's language is important. his words, i'm not wedded to every detail. i'm open to compromise. open to new ideas. but we are not going to do something that doesn't deal with the tax cuts. >> i think the tone of this is pretty good especially from the speaker this morning when he said, you know, i'm not going to box myself in. and i don't want to box the president in. >> let's get straight to our own kate bolduan, she's here with an excellent, excellent panel. >> excellent, excellent. i like the double excellent panel of unsolicited advice today. m
market. that hurts the economy. brooke. >> alison kosik, thank you very much. and thank you very much for being with me here. i'm brooke baldwin at the world headquarters of cnn in atlanta. let's go to my friend wolf blitzer, "the situation room" starts right now. hey, wolf. >> hi, brooke. thanks very much. happening now, president obama gets down to business. he's signaling what his priorities are for term two. also, a dramatic courtroom confrontation of the former congresswoman gabrielle gifford stares down the man who tried to kill her. now that the voters have had their say, colorado's marijuana growers and would-be legal dealers face a showdown with the federal government. i'm wolf blitzer. you're in "the situation room." >>> today we're getting our first inside hints about what's on the president's to-do list now that the election is over. the list includes huge issues like taxes, the deficit, headline making overseas trip and a possible shakeup of his cabinet. let's get right to our chief white house correspondent jessica yellin. she's been doing some reporting. jessica, what a
and climate change legislation. saying instead that he was focusing first on the economy and creating jobs. >> i am a firm believer that climate change is real, that it has impacted -- as a consequence i think we have an obligation to future generations to do something about it. and understandably i think the american people right now have been so focused and will continue to be focused on our economy and jobs and growth that if the message is somehow we're going to ignore jobs and growth simply to address climate change, i don't think anybody's going to go for that. i won't go for that. >> reporter: now, wolf, president obama said that more needs to be done. but he says he wants to have a national conversation talking to scientists, elected officials, engineers. so keeping it very broad. not getting into specifics. not talking about the sweeping energy and climate change legislation. but when you're talking to folks on both sides of this, those who are environmentalists, those who are in the energy industries, they seem to think that doesn't mean that he's not going to be taking action ju
because 535 people can't get along. >> even if we go over for two months, does that dip this economy back into recession? >> i don't think so. >> reporter: interesting take there, wolf. he told me he wants the president to take a very hard line going into these discussions which will begin on friday. few other bits of news for you. when it comes to taxes, taxing the rich corporate taxes, he told me he believes that the wealthy in this country should pay significantly more taxes that 30% capital gains tax double where we are now wouldn't be too high, 50% plus personal income tax wouldn't be too high. also he made an endorsement already for the next president in 2016. it's a woman. he thinks it should be hillary clinton telling me he does not think there is any more qualified candidate out there. already talking about 2016, wolf. >> never too early as far as that is concerned. thanks very much, poppy, for that. we all knew paula broadwell had extraordinary access to david petraeus. but we're now learning more about how and why she was able to look at top secret documents. what's going on? w
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. washington. jack cafferty is following that in the cafferty file. jack? >> wolf, picture the united states in that convertible at the end of the movie "thelma and louise" as it goes to the cliff. a bit dramatic, but the fiscal cliff is fast approaching. if congress doesn't take action before the end of the year, which is entirely possible, we're going to go right over the edge. it is called a cliff for a reason. if nothing happens, massive taxes and spending decreases kick in. cuts to the pentagon and other domestic program, and as the clock ticks down, there seems to be little common ground between the democrats and republicans. democrats want to raise taxes. republicans want changes to entitlement programs and want to do away with automatic spending cuts. we have see
Search Results 0 to 13 of about 14 (some duplicates have been removed)

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